An improvement in sales and the prospect of new investors is helping German firm Drettmann to work through the insolvency that it entered into last May.

Negotiations are currently in progress with a number of potential new investors to continue building yachts. It is likely that Drettmann’s head office in Bremen will stay if an agreement with the investors is reached.

Sales of pre-owned yachts have increased continuously over recent weeks according to Drettmann. Among recent yacht sales has been one of a Bandido 75ft to German F1 racing driver Ralf Schumacher.